• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Bitcoin Reaches New Peak: Is $120K Next?

user avatar

by Giorgi Kostiuk

6 months ago


Today, Bitcoin (BTC) set a new all-time high of $109,114.88, briefly reclaiming a market capitalization of $2.15 trillion. However, its price dropped to $108,241.38 shortly thereafter.

Bitcoin's Record Price

Bitcoin saw a 3.82% rise over the last 24 hours, leading to a new peak. However, following the peak, its value decreased by 1.2%.

Analytical View on Future Movements

Crypto analyst EGRAG CRYPTO emphasized the importance of BTC closing a four-hour candle above $109K to sustain momentum toward $120,000.

BTC did not close as NEW ATH: Now let's try the second Candle 3 hours 55 mins to go.EGRAG CRYPTO

Technical Analysis and Prospects

Previously, EGRAG suggested that Bitcoin needs to close a weekly candle above $103,000 to set the path for a test of $127,000. Additionally, the analyst warned that a retest of $77,000–$80,000 could occur before further upside.

While Bitcoin continues to surprise with its rapid ascent, analysts highlight the importance of key price levels for predicting further market changes.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

TRON Reaches $80 Billion in Stablecoin Supply with Increased Trading Volumes

chest

TRON has hit new heights, surpassing $80 billion in stablecoin supply, with network activity increasing by 93%.

user avatarGiorgi Kostiuk

Trends in Crypto: Pi Network, Binance Coin, and BlockDAG Insights

chest

Analysis of current market prices and trends for Pi Network, Binance Coin, and BlockDAG.

user avatarGiorgi Kostiuk

Crypto Assets of U.S. Officials: Amounts and Influences Revealed

chest

Revelations about Trump administration's crypto assets highlight power and regulatory changes regarding digital currencies in the U.S.

user avatarGiorgi Kostiuk

Promising Altcoins: Ethereum, XRP, and HBAR

chest

Ethereum, XRP, and HBAR show active growth and institutional interest, suggesting a successful season for these altcoins.

user avatarGiorgi Kostiuk

Record Rise of Bitcoin: Institutional Players Strengthen Their Positions

chest

Bitcoin surpassed $122,600 amid institutional demand and ETF inflows driving the market.

user avatarGiorgi Kostiuk

Current Cryptocurrency Market Trends: XRP, Ethereum, and Bitcoin

chest

Review of current price changes for XRP, Ethereum, and Bitcoin, including technical analysis and forecasts.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.